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Halma PLC Directors

/Equities/XLON/HLMA/Directors

Halma PLC Directors

Board of Directors (14)

Dame Pamela Louise Makin

Chair

5 yrs 3 mosAge: 65British

Mugdha Euan

CEO

–

Marc

CEO

–

Marc Arthur Ronchetti

Group Chief Executive

7 yrs 10 mosAge: 50British

Carole Cran

Chief Financial Officer

10 yrs 4 mosAge: 56British

Dharmash Pravin Mistry

Independent non-executive Director

5 yrs 1 mosAge: 55British

Jo Nell Harlow

Senior Independent Director

9 yrs 7 mosAge: 63American

Jennifer Suzanne Ward

Director

9 yrs 8 mosAge: 52American

Mark Alun Jenkins

Secretary

6 yrs

Sharmila Nebhrajani

Director

4 yrs 5 mosAge: 60British

Liam Condon

Director

2 yrs 8 mosAge: 58Irish

Giles Francis Bertram Kerr

Director

2 yrs 3 mosAge: 66British

Andrew Hudson La Force Iii

Director

11 mosAge: 61American

Barbara Thoralfsson

Director

11 mosAge: 67Norwegian

Name	Role	Appointed	Tenure	Nationality
Dame Pamela Louise Makin	Chair	9 Feb 2021	5 yrs 3 mos	British
Mugdha Euan	CEO	–	–	–
Marc	CEO	–	–	–
Marc Arthur Ronchetti	Group Chief Executive	1 Jul 2018	7 yrs 10 mos	British
Carole Cran	Chief Financial Officer	1 Jan 2016	10 yrs 4 mos	British
Dharmash Pravin Mistry	Independent non-executive Director	1 Apr 2021	5 yrs 1 mos	British
Jo Nell Harlow	Senior Independent Director	3 Oct 2016	9 yrs 7 mos	American
JS Jennifer Suzanne Ward	Director	27 Sept 2016	9 yrs 8 mos	American
MA Mark Alun Jenkins	Secretary	1 May 2020	6 yrs	–
SN Sharmila Nebhrajani	Director	1 Dec 2021	4 yrs 5 mos	British
LC Liam Condon	Director	25 Sept 2023	2 yrs 8 mos	Irish
GF Giles Francis Bertram Kerr	Director	1 Feb 2024	2 yrs 3 mos	British
AH Andrew Hudson La Force Iii	Director	2 Jun 2025	11 mos	American
BT Barbara Thoralfsson	Director	16 Jun 2025	11 mos	Norwegian

Director Remuneration

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£437,000	–	–	–	–	£437,000
Marc Ronchetti	Executive Director	£934,000	£29,000	£1,787,000	£2,204,000	£98,000	£5,056,000
Jennifer Ward	Executive Director	£486,000	£18,000	£835,000	–	£51,000	£2,550,000
Steve Gunning	Executive Director	£615,000	£27,000	£1,057,000	–	£65,000	£1,768,000
Carole Cran	Executive Director	£146,000	£12,000	£264,000	–	£15,000	£437,000
Jo Harlow	Non-Executive Director	£119,000	–	–	–	–	£119,000
Sharmila Nebhrajani OBE	Non-Executive Director	£82,000	–	–	–	–	£82,000
Liam Condon	Non-Executive Director	£77,000	–	–	–	–	£77,000
Dharmash Mistry	Non-Executive Director	£77,000	–	–	–	–	£77,000
Giles Kerr	Non-Executive Director	£77,000	–	–	–	–	£77,000
Carole Cran	Non-Executive Director	£76,000	–	–	–	–	£76,000
Roy Twite	Non-Executive Director	£14,000	–	–	–	–	£14,000

Prior year comparison (12 directors)

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£423,000	–	–	–	–	£423,000
Marc Ronchetti	Executive Director	£900,000	£29,000	£1,710,000	£1,010,000	£95,000	£3,748,000
Jennifer Ward	Executive Director	£470,000	£20,000	£810,000	–	£49,000	£2,000,000
Steve Gunning	Executive Director	£600,000	£27,000	£1,026,000	–	£63,000	£1,720,000
Carole Cran	Executive Director	–	–	–	–	–	–
Jo Harlow	Non-Executive Director	£109,000	–	–	–	–	£109,000
Carole Cran	Non-Executive Director	£96,000	–	–	–	–	£96,000
Sharmila Nebhrajani OBE	Non-Executive Director	£75,000	–	–	–	–	£75,000
Roy Twite	Non-Executive Director	£75,000	–	–	–	–	£75,000
Dharmash Mistry	Non-Executive Director	£75,000	–	–	–	–	£75,000
Liam Condon	Non-Executive Director	£39,000	–	–	–	–	£39,000
Giles Kerr	Non-Executive Director	£13,000	–	–	–	–	£13,000

CEO Pay Ratio

Year	Method	CEO Total	25th	Median	75th
2025	A	£5,056,000	180:1	133:1	85:1

Former Directors (31)

Stephen William Lawrence Gunning

Director

Tenure: 2 yrs 2 mosResigned: 31 Mar 2025

Roy Michael Twite

Director

Tenure: 9 yrs 11 mosResigned: 7 Jun 2024

William Anthony Rice

Director

Tenure: 9 yrs 4 mosResigned: 31 Dec 2023

Andrew John Williams

Director

Tenure: 18 yrs 11 mosResigned: 30 Jun 2023

Paul Ashton Walker

Director

Tenure: 8 yrs 3 mosResigned: 22 Jul 2021

Daniela Barone Soares

Director

Tenure: 9 yrs 8 mosResigned: 22 Jul 2021

Adam Jay Meyers

Director

Tenure: 13 yrs 3 mosResigned: 22 Jul 2021

Ruwan De Soyza

Secretary

Tenure: 8 mosResigned: 30 Apr 2020

Mark Alun Jenkins

Secretary

Tenure: 10 mosResigned: 5 Aug 2019

Carol Tredway Chesney

Secretary

Tenure: 20 yrs 5 mosResigned: 30 Sept 2018

Kevin John Thompson

Director

Tenure: 20 yrs 3 mosResigned: 19 Jul 2018

Elizabeth Jane Aikman

Director

Tenure: 8 yrs 11 mosResigned: 21 Jul 2016

Stephen Raymond Pettit

Director

Tenure: 11 yrs 10 mosResigned: 23 Jul 2015

Neil Anthony Quinn

Director

Tenure: 17 yrs 1 mosResigned: 14 May 2015

Lord Norman Roy Blackwell

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Steven Marshall

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Eric Geoffrey Unwin

Director

Tenure: 10 yrs 10 mosResigned: 25 Jul 2013

Richard Anthony Stone

Director

Tenure: 10 yrs 6 mosResigned: 28 Jul 2011

Keith John Roy

Director

Tenure: 7 yrs 3 mosResigned: 31 Jul 2008

Andrew John Walker

Director

Tenure: 3 yrs 10 mosResigned: 22 Mar 2007

Stephen Robert O'shea

Director

Tenure: –Resigned: 28 Feb 2005

David Stewart Barber

Director

Tenure: –Resigned: 29 Jul 2003

Lord Harry Duncan Cory McGowan

Director

Tenure: 6 yrsResigned: 7 May 2003

Hamish Martin John Ritchie

Director

Tenure: 5 yrs 6 mosResigned: 8 Nov 2002

Clive Quentin Summerhayes

Director

Tenure: –Resigned: 30 Apr 2002

John Cameron Conacher

Director

Tenure: –Resigned: 30 Apr 2001

Michael John Arthur

Director

Tenure: –Resigned: 2 Aug 2000

Peter Alfred Tett

Director

Tenure: –Resigned: 30 Apr 2000

Robert Ian Howard

Director

Tenure: –Resigned: 19 Aug 1997

John Filmer Kidston

Director

Tenure: –Resigned: 30 Apr 1997

Michael Philip Learoyd

Director

Tenure: –Resigned: 8 Apr 1994

Name	Role	Appointed	Resigned	Tenure	Nationality
Stephen William Lawrence Gunning	Director	16 Jan 2023	31 Mar 2025	2 yrs 2 mos	British
Roy Michael Twite	Director	24 Jul 2014	7 Jun 2024	9 yrs 11 mos	British
William Anthony Rice	Director	8 Aug 2014	31 Dec 2023	9 yrs 4 mos	British
Andrew John Williams	Director	13 Jul 2004	30 Jun 2023	18 yrs 11 mos	British
Paul Ashton Walker	Director	12 Apr 2013	22 Jul 2021	8 yrs 3 mos	British
Daniela Barone Soares	Director	10 Nov 2011	22 Jul 2021	9 yrs 8 mos	British
Adam Jay Meyers	Director	3 Apr 2008	22 Jul 2021	13 yrs 3 mos	American
Ruwan De Soyza	Secretary	5 Aug 2019	30 Apr 2020	8 mos	–
Mark Alun Jenkins	Secretary	1 Oct 2018	5 Aug 2019	10 mos	–
Carol Tredway Chesney	Secretary	22 Apr 1998	30 Sept 2018	20 yrs 5 mos	American
Kevin John Thompson	Director	22 Apr 1998	19 Jul 2018	20 yrs 3 mos	British
Elizabeth Jane Aikman	Director	1 Aug 2007	21 Jul 2016	8 yrs 11 mos	British
Stephen Raymond Pettit	Director	16 Sept 2003	23 Jul 2015	11 yrs 10 mos	British
Neil Anthony Quinn	Director	22 Apr 1998	14 May 2015	17 yrs 1 mos	British
Lord Norman Roy Blackwell	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Steven Marshall	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Eric Geoffrey Unwin	Director	2 Sept 2002	25 Jul 2013	10 yrs 10 mos	British
Richard Anthony Stone	Director	2 Jan 2001	28 Jul 2011	10 yrs 6 mos	British
Keith John Roy	Director	30 Apr 2001	31 Jul 2008	7 yrs 3 mos	British
Andrew John Walker	Director	8 May 2003	22 Mar 2007	3 yrs 10 mos	British
Stephen Robert O'shea	Director	–	28 Feb 2005	–	British
David Stewart Barber	Director	–	29 Jul 2003	–	British
Lord Harry Duncan Cory McGowan	Director	1 May 1997	7 May 2003	6 yrs	British
Hamish Martin John Ritchie	Director	20 May 1997	8 Nov 2002	5 yrs 6 mos	British
Clive Quentin Summerhayes	Director	–	30 Apr 2002	–	British
John Cameron Conacher	Director	–	30 Apr 2001	–	British
Michael John Arthur	Director	–	2 Aug 2000	–	British
Peter Alfred Tett	Director	–	30 Apr 2000	–	British
Robert Ian Howard	Director	–	19 Aug 1997	–	British
John Filmer Kidston	Director	–	30 Apr 1997	–	British
Michael Philip Learoyd	Director	–	8 Apr 1994	–	British

Board of Directors (14)

Dame Pamela Louise Makin

Chair

5 yrs 3 mosAge: 65British

Mugdha Euan

CEO

–

Marc

CEO

–

Marc Arthur Ronchetti

Group Chief Executive

7 yrs 10 mosAge: 50British

Carole Cran

Chief Financial Officer

10 yrs 4 mosAge: 56British

Dharmash Pravin Mistry

Independent non-executive Director

5 yrs 1 mosAge: 55British

Jo Nell Harlow

Senior Independent Director

9 yrs 7 mosAge: 63American

Jennifer Suzanne Ward

Director

9 yrs 8 mosAge: 52American

Mark Alun Jenkins

Secretary

6 yrs

Sharmila Nebhrajani

Director

4 yrs 5 mosAge: 60British

Liam Condon

Director

2 yrs 8 mosAge: 58Irish

Giles Francis Bertram Kerr

Director

2 yrs 3 mosAge: 66British

Andrew Hudson La Force Iii

Director

11 mosAge: 61American

Barbara Thoralfsson

Director

11 mosAge: 67Norwegian

Name	Role	Appointed	Tenure	Nationality
Dame Pamela Louise Makin	Chair	9 Feb 2021	5 yrs 3 mos	British
Mugdha Euan	CEO	–	–	–
Marc	CEO	–	–	–
Marc Arthur Ronchetti	Group Chief Executive	1 Jul 2018	7 yrs 10 mos	British
Carole Cran	Chief Financial Officer	1 Jan 2016	10 yrs 4 mos	British
Dharmash Pravin Mistry	Independent non-executive Director	1 Apr 2021	5 yrs 1 mos	British
Jo Nell Harlow	Senior Independent Director	3 Oct 2016	9 yrs 7 mos	American
JS Jennifer Suzanne Ward	Director	27 Sept 2016	9 yrs 8 mos	American
MA Mark Alun Jenkins	Secretary	1 May 2020	6 yrs	–
SN Sharmila Nebhrajani	Director	1 Dec 2021	4 yrs 5 mos	British
LC Liam Condon	Director	25 Sept 2023	2 yrs 8 mos	Irish
GF Giles Francis Bertram Kerr	Director	1 Feb 2024	2 yrs 3 mos	British
AH Andrew Hudson La Force Iii	Director	2 Jun 2025	11 mos	American
BT Barbara Thoralfsson	Director	16 Jun 2025	11 mos	Norwegian

Director Remuneration

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£437,000	–	–	–	–	£437,000
Marc Ronchetti	Executive Director	£934,000	£29,000	£1,787,000	£2,204,000	£98,000	£5,056,000
Jennifer Ward	Executive Director	£486,000	£18,000	£835,000	–	£51,000	£2,550,000
Steve Gunning	Executive Director	£615,000	£27,000	£1,057,000	–	£65,000	£1,768,000
Carole Cran	Executive Director	£146,000	£12,000	£264,000	–	£15,000	£437,000
Jo Harlow	Non-Executive Director	£119,000	–	–	–	–	£119,000
Sharmila Nebhrajani OBE	Non-Executive Director	£82,000	–	–	–	–	£82,000
Liam Condon	Non-Executive Director	£77,000	–	–	–	–	£77,000
Dharmash Mistry	Non-Executive Director	£77,000	–	–	–	–	£77,000
Giles Kerr	Non-Executive Director	£77,000	–	–	–	–	£77,000
Carole Cran	Non-Executive Director	£76,000	–	–	–	–	£76,000
Roy Twite	Non-Executive Director	£14,000	–	–	–	–	£14,000

Prior year comparison (12 directors)

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£423,000	–	–	–	–	£423,000
Marc Ronchetti	Executive Director	£900,000	£29,000	£1,710,000	£1,010,000	£95,000	£3,748,000
Jennifer Ward	Executive Director	£470,000	£20,000	£810,000	–	£49,000	£2,000,000
Steve Gunning	Executive Director	£600,000	£27,000	£1,026,000	–	£63,000	£1,720,000
Carole Cran	Executive Director	–	–	–	–	–	–
Jo Harlow	Non-Executive Director	£109,000	–	–	–	–	£109,000
Carole Cran	Non-Executive Director	£96,000	–	–	–	–	£96,000
Sharmila Nebhrajani OBE	Non-Executive Director	£75,000	–	–	–	–	£75,000
Roy Twite	Non-Executive Director	£75,000	–	–	–	–	£75,000
Dharmash Mistry	Non-Executive Director	£75,000	–	–	–	–	£75,000
Liam Condon	Non-Executive Director	£39,000	–	–	–	–	£39,000
Giles Kerr	Non-Executive Director	£13,000	–	–	–	–	£13,000

CEO Pay Ratio

Year	Method	CEO Total	25th	Median	75th
2025	A	£5,056,000	180:1	133:1	85:1

Former Directors (31)

Stephen William Lawrence Gunning

Director

Tenure: 2 yrs 2 mosResigned: 31 Mar 2025

Roy Michael Twite

Director

Tenure: 9 yrs 11 mosResigned: 7 Jun 2024

William Anthony Rice

Director

Tenure: 9 yrs 4 mosResigned: 31 Dec 2023

Andrew John Williams

Director

Tenure: 18 yrs 11 mosResigned: 30 Jun 2023

Paul Ashton Walker

Director

Tenure: 8 yrs 3 mosResigned: 22 Jul 2021

Daniela Barone Soares

Director

Tenure: 9 yrs 8 mosResigned: 22 Jul 2021

Adam Jay Meyers

Director

Tenure: 13 yrs 3 mosResigned: 22 Jul 2021

Ruwan De Soyza

Secretary

Tenure: 8 mosResigned: 30 Apr 2020

Mark Alun Jenkins

Secretary

Tenure: 10 mosResigned: 5 Aug 2019

Carol Tredway Chesney

Secretary

Tenure: 20 yrs 5 mosResigned: 30 Sept 2018

Kevin John Thompson

Director

Tenure: 20 yrs 3 mosResigned: 19 Jul 2018

Elizabeth Jane Aikman

Director

Tenure: 8 yrs 11 mosResigned: 21 Jul 2016

Stephen Raymond Pettit

Director

Tenure: 11 yrs 10 mosResigned: 23 Jul 2015

Neil Anthony Quinn

Director

Tenure: 17 yrs 1 mosResigned: 14 May 2015

Lord Norman Roy Blackwell

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Steven Marshall

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Eric Geoffrey Unwin

Director

Tenure: 10 yrs 10 mosResigned: 25 Jul 2013

Richard Anthony Stone

Director

Tenure: 10 yrs 6 mosResigned: 28 Jul 2011

Keith John Roy

Director

Tenure: 7 yrs 3 mosResigned: 31 Jul 2008

Andrew John Walker

Director

Tenure: 3 yrs 10 mosResigned: 22 Mar 2007

Stephen Robert O'shea

Director

Tenure: –Resigned: 28 Feb 2005

David Stewart Barber

Director

Tenure: –Resigned: 29 Jul 2003

Lord Harry Duncan Cory McGowan

Director

Tenure: 6 yrsResigned: 7 May 2003

Hamish Martin John Ritchie

Director

Tenure: 5 yrs 6 mosResigned: 8 Nov 2002

Clive Quentin Summerhayes

Director

Tenure: –Resigned: 30 Apr 2002

John Cameron Conacher

Director

Tenure: –Resigned: 30 Apr 2001

Michael John Arthur

Director

Tenure: –Resigned: 2 Aug 2000

Peter Alfred Tett

Director

Tenure: –Resigned: 30 Apr 2000

Robert Ian Howard

Director

Tenure: –Resigned: 19 Aug 1997

John Filmer Kidston

Director

Tenure: –Resigned: 30 Apr 1997

Michael Philip Learoyd

Director

Tenure: –Resigned: 8 Apr 1994

Name	Role	Appointed	Resigned	Tenure	Nationality
Stephen William Lawrence Gunning	Director	16 Jan 2023	31 Mar 2025	2 yrs 2 mos	British
Roy Michael Twite	Director	24 Jul 2014	7 Jun 2024	9 yrs 11 mos	British
William Anthony Rice	Director	8 Aug 2014	31 Dec 2023	9 yrs 4 mos	British
Andrew John Williams	Director	13 Jul 2004	30 Jun 2023	18 yrs 11 mos	British
Paul Ashton Walker	Director	12 Apr 2013	22 Jul 2021	8 yrs 3 mos	British
Daniela Barone Soares	Director	10 Nov 2011	22 Jul 2021	9 yrs 8 mos	British
Adam Jay Meyers	Director	3 Apr 2008	22 Jul 2021	13 yrs 3 mos	American
Ruwan De Soyza	Secretary	5 Aug 2019	30 Apr 2020	8 mos	–
Mark Alun Jenkins	Secretary	1 Oct 2018	5 Aug 2019	10 mos	–
Carol Tredway Chesney	Secretary	22 Apr 1998	30 Sept 2018	20 yrs 5 mos	American
Kevin John Thompson	Director	22 Apr 1998	19 Jul 2018	20 yrs 3 mos	British
Elizabeth Jane Aikman	Director	1 Aug 2007	21 Jul 2016	8 yrs 11 mos	British
Stephen Raymond Pettit	Director	16 Sept 2003	23 Jul 2015	11 yrs 10 mos	British
Neil Anthony Quinn	Director	22 Apr 1998	14 May 2015	17 yrs 1 mos	British
Lord Norman Roy Blackwell	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Steven Marshall	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Eric Geoffrey Unwin	Director	2 Sept 2002	25 Jul 2013	10 yrs 10 mos	British
Richard Anthony Stone	Director	2 Jan 2001	28 Jul 2011	10 yrs 6 mos	British
Keith John Roy	Director	30 Apr 2001	31 Jul 2008	7 yrs 3 mos	British
Andrew John Walker	Director	8 May 2003	22 Mar 2007	3 yrs 10 mos	British
Stephen Robert O'shea	Director	–	28 Feb 2005	–	British
David Stewart Barber	Director	–	29 Jul 2003	–	British
Lord Harry Duncan Cory McGowan	Director	1 May 1997	7 May 2003	6 yrs	British
Hamish Martin John Ritchie	Director	20 May 1997	8 Nov 2002	5 yrs 6 mos	British
Clive Quentin Summerhayes	Director	–	30 Apr 2002	–	British
John Cameron Conacher	Director	–	30 Apr 2001	–	British
Michael John Arthur	Director	–	2 Aug 2000	–	British
Peter Alfred Tett	Director	–	30 Apr 2000	–	British
Robert Ian Howard	Director	–	19 Aug 1997	–	British
John Filmer Kidston	Director	–	30 Apr 1997	–	British
Michael Philip Learoyd	Director	–	8 Apr 1994	–	British

Board of Directors (14)

Dame Pamela Louise Makin

Chair

5 yrs 3 mosAge: 65British

Mugdha Euan

CEO

–

Marc

CEO

–

Marc Arthur Ronchetti

Group Chief Executive

7 yrs 10 mosAge: 50British

Carole Cran

Chief Financial Officer

10 yrs 4 mosAge: 56British

Dharmash Pravin Mistry

Independent non-executive Director

5 yrs 1 mosAge: 55British

Jo Nell Harlow

Senior Independent Director

9 yrs 7 mosAge: 63American

Jennifer Suzanne Ward

Director

9 yrs 8 mosAge: 52American

Mark Alun Jenkins

Secretary

6 yrs

Sharmila Nebhrajani

Director

4 yrs 5 mosAge: 60British

Liam Condon

Director

2 yrs 8 mosAge: 58Irish

Giles Francis Bertram Kerr

Director

2 yrs 3 mosAge: 66British

Andrew Hudson La Force Iii

Director

11 mosAge: 61American

Barbara Thoralfsson

Director

11 mosAge: 67Norwegian

Name	Role	Appointed	Tenure	Nationality
Dame Pamela Louise Makin	Chair	9 Feb 2021	5 yrs 3 mos	British
Mugdha Euan	CEO	–	–	–
Marc	CEO	–	–	–
Marc Arthur Ronchetti	Group Chief Executive	1 Jul 2018	7 yrs 10 mos	British
Carole Cran	Chief Financial Officer	1 Jan 2016	10 yrs 4 mos	British
Dharmash Pravin Mistry	Independent non-executive Director	1 Apr 2021	5 yrs 1 mos	British
Jo Nell Harlow	Senior Independent Director	3 Oct 2016	9 yrs 7 mos	American
JS Jennifer Suzanne Ward	Director	27 Sept 2016	9 yrs 8 mos	American
MA Mark Alun Jenkins	Secretary	1 May 2020	6 yrs	–
SN Sharmila Nebhrajani	Director	1 Dec 2021	4 yrs 5 mos	British
LC Liam Condon	Director	25 Sept 2023	2 yrs 8 mos	Irish
GF Giles Francis Bertram Kerr	Director	1 Feb 2024	2 yrs 3 mos	British
AH Andrew Hudson La Force Iii	Director	2 Jun 2025	11 mos	American
BT Barbara Thoralfsson	Director	16 Jun 2025	11 mos	Norwegian

Director Remuneration

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£437,000	–	–	–	–	£437,000
Marc Ronchetti	Executive Director	£934,000	£29,000	£1,787,000	£2,204,000	£98,000	£5,056,000
Jennifer Ward	Executive Director	£486,000	£18,000	£835,000	–	£51,000	£2,550,000
Steve Gunning	Executive Director	£615,000	£27,000	£1,057,000	–	£65,000	£1,768,000
Carole Cran	Executive Director	£146,000	£12,000	£264,000	–	£15,000	£437,000
Jo Harlow	Non-Executive Director	£119,000	–	–	–	–	£119,000
Sharmila Nebhrajani OBE	Non-Executive Director	£82,000	–	–	–	–	£82,000
Liam Condon	Non-Executive Director	£77,000	–	–	–	–	£77,000
Dharmash Mistry	Non-Executive Director	£77,000	–	–	–	–	£77,000
Giles Kerr	Non-Executive Director	£77,000	–	–	–	–	£77,000
Carole Cran	Non-Executive Director	£76,000	–	–	–	–	£76,000
Roy Twite	Non-Executive Director	£14,000	–	–	–	–	£14,000

Prior year comparison (12 directors)

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£423,000	–	–	–	–	£423,000
Marc Ronchetti	Executive Director	£900,000	£29,000	£1,710,000	£1,010,000	£95,000	£3,748,000
Jennifer Ward	Executive Director	£470,000	£20,000	£810,000	–	£49,000	£2,000,000
Steve Gunning	Executive Director	£600,000	£27,000	£1,026,000	–	£63,000	£1,720,000
Carole Cran	Executive Director	–	–	–	–	–	–
Jo Harlow	Non-Executive Director	£109,000	–	–	–	–	£109,000
Carole Cran	Non-Executive Director	£96,000	–	–	–	–	£96,000
Sharmila Nebhrajani OBE	Non-Executive Director	£75,000	–	–	–	–	£75,000
Roy Twite	Non-Executive Director	£75,000	–	–	–	–	£75,000
Dharmash Mistry	Non-Executive Director	£75,000	–	–	–	–	£75,000
Liam Condon	Non-Executive Director	£39,000	–	–	–	–	£39,000
Giles Kerr	Non-Executive Director	£13,000	–	–	–	–	£13,000

CEO Pay Ratio

Year	Method	CEO Total	25th	Median	75th
2025	A	£5,056,000	180:1	133:1	85:1

Former Directors (31)

Stephen William Lawrence Gunning

Director

Tenure: 2 yrs 2 mosResigned: 31 Mar 2025

Roy Michael Twite

Director

Tenure: 9 yrs 11 mosResigned: 7 Jun 2024

William Anthony Rice

Director

Tenure: 9 yrs 4 mosResigned: 31 Dec 2023

Andrew John Williams

Director

Tenure: 18 yrs 11 mosResigned: 30 Jun 2023

Paul Ashton Walker

Director

Tenure: 8 yrs 3 mosResigned: 22 Jul 2021

Daniela Barone Soares

Director

Tenure: 9 yrs 8 mosResigned: 22 Jul 2021

Adam Jay Meyers

Director

Tenure: 13 yrs 3 mosResigned: 22 Jul 2021

Ruwan De Soyza

Secretary

Tenure: 8 mosResigned: 30 Apr 2020

Mark Alun Jenkins

Secretary

Tenure: 10 mosResigned: 5 Aug 2019

Carol Tredway Chesney

Secretary

Tenure: 20 yrs 5 mosResigned: 30 Sept 2018

Kevin John Thompson

Director

Tenure: 20 yrs 3 mosResigned: 19 Jul 2018

Elizabeth Jane Aikman

Director

Tenure: 8 yrs 11 mosResigned: 21 Jul 2016

Stephen Raymond Pettit

Director

Tenure: 11 yrs 10 mosResigned: 23 Jul 2015

Neil Anthony Quinn

Director

Tenure: 17 yrs 1 mosResigned: 14 May 2015

Lord Norman Roy Blackwell

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Steven Marshall

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Eric Geoffrey Unwin

Director

Tenure: 10 yrs 10 mosResigned: 25 Jul 2013

Richard Anthony Stone

Director

Tenure: 10 yrs 6 mosResigned: 28 Jul 2011

Keith John Roy

Director

Tenure: 7 yrs 3 mosResigned: 31 Jul 2008

Andrew John Walker

Director

Tenure: 3 yrs 10 mosResigned: 22 Mar 2007

Stephen Robert O'shea

Director

Tenure: –Resigned: 28 Feb 2005

David Stewart Barber

Director

Tenure: –Resigned: 29 Jul 2003

Lord Harry Duncan Cory McGowan

Director

Tenure: 6 yrsResigned: 7 May 2003

Hamish Martin John Ritchie

Director

Tenure: 5 yrs 6 mosResigned: 8 Nov 2002

Clive Quentin Summerhayes

Director

Tenure: –Resigned: 30 Apr 2002

John Cameron Conacher

Director

Tenure: –Resigned: 30 Apr 2001

Michael John Arthur

Director

Tenure: –Resigned: 2 Aug 2000

Peter Alfred Tett

Director

Tenure: –Resigned: 30 Apr 2000

Robert Ian Howard

Director

Tenure: –Resigned: 19 Aug 1997

John Filmer Kidston

Director

Tenure: –Resigned: 30 Apr 1997

Michael Philip Learoyd

Director

Tenure: –Resigned: 8 Apr 1994

Name	Role	Appointed	Resigned	Tenure	Nationality
Stephen William Lawrence Gunning	Director	16 Jan 2023	31 Mar 2025	2 yrs 2 mos	British
Roy Michael Twite	Director	24 Jul 2014	7 Jun 2024	9 yrs 11 mos	British
William Anthony Rice	Director	8 Aug 2014	31 Dec 2023	9 yrs 4 mos	British
Andrew John Williams	Director	13 Jul 2004	30 Jun 2023	18 yrs 11 mos	British
Paul Ashton Walker	Director	12 Apr 2013	22 Jul 2021	8 yrs 3 mos	British
Daniela Barone Soares	Director	10 Nov 2011	22 Jul 2021	9 yrs 8 mos	British
Adam Jay Meyers	Director	3 Apr 2008	22 Jul 2021	13 yrs 3 mos	American
Ruwan De Soyza	Secretary	5 Aug 2019	30 Apr 2020	8 mos	–
Mark Alun Jenkins	Secretary	1 Oct 2018	5 Aug 2019	10 mos	–
Carol Tredway Chesney	Secretary	22 Apr 1998	30 Sept 2018	20 yrs 5 mos	American
Kevin John Thompson	Director	22 Apr 1998	19 Jul 2018	20 yrs 3 mos	British
Elizabeth Jane Aikman	Director	1 Aug 2007	21 Jul 2016	8 yrs 11 mos	British
Stephen Raymond Pettit	Director	16 Sept 2003	23 Jul 2015	11 yrs 10 mos	British
Neil Anthony Quinn	Director	22 Apr 1998	14 May 2015	17 yrs 1 mos	British
Lord Norman Roy Blackwell	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Steven Marshall	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Eric Geoffrey Unwin	Director	2 Sept 2002	25 Jul 2013	10 yrs 10 mos	British
Richard Anthony Stone	Director	2 Jan 2001	28 Jul 2011	10 yrs 6 mos	British
Keith John Roy	Director	30 Apr 2001	31 Jul 2008	7 yrs 3 mos	British
Andrew John Walker	Director	8 May 2003	22 Mar 2007	3 yrs 10 mos	British
Stephen Robert O'shea	Director	–	28 Feb 2005	–	British
David Stewart Barber	Director	–	29 Jul 2003	–	British
Lord Harry Duncan Cory McGowan	Director	1 May 1997	7 May 2003	6 yrs	British
Hamish Martin John Ritchie	Director	20 May 1997	8 Nov 2002	5 yrs 6 mos	British
Clive Quentin Summerhayes	Director	–	30 Apr 2002	–	British
John Cameron Conacher	Director	–	30 Apr 2001	–	British
Michael John Arthur	Director	–	2 Aug 2000	–	British
Peter Alfred Tett	Director	–	30 Apr 2000	–	British
Robert Ian Howard	Director	–	19 Aug 1997	–	British
John Filmer Kidston	Director	–	30 Apr 1997	–	British
Michael Philip Learoyd	Director	–	8 Apr 1994	–	British

Board of Directors (14)

Dame Pamela Louise Makin

Chair

5 yrs 3 mosAge: 65British

Mugdha Euan

CEO

–

Marc

CEO

–

Marc Arthur Ronchetti

Group Chief Executive

7 yrs 10 mosAge: 50British

Carole Cran

Chief Financial Officer

10 yrs 4 mosAge: 56British

Dharmash Pravin Mistry

Independent non-executive Director

5 yrs 1 mosAge: 55British

Jo Nell Harlow

Senior Independent Director

9 yrs 7 mosAge: 63American

Jennifer Suzanne Ward

Director

9 yrs 8 mosAge: 52American

Mark Alun Jenkins

Secretary

6 yrs

Sharmila Nebhrajani

Director

4 yrs 5 mosAge: 60British

Liam Condon

Director

2 yrs 8 mosAge: 58Irish

Giles Francis Bertram Kerr

Director

2 yrs 3 mosAge: 66British

Andrew Hudson La Force Iii

Director

11 mosAge: 61American

Barbara Thoralfsson

Director

11 mosAge: 67Norwegian

Name	Role	Appointed	Tenure	Nationality
Dame Pamela Louise Makin	Chair	9 Feb 2021	5 yrs 3 mos	British
Mugdha Euan	CEO	–	–	–
Marc	CEO	–	–	–
Marc Arthur Ronchetti	Group Chief Executive	1 Jul 2018	7 yrs 10 mos	British
Carole Cran	Chief Financial Officer	1 Jan 2016	10 yrs 4 mos	British
Dharmash Pravin Mistry	Independent non-executive Director	1 Apr 2021	5 yrs 1 mos	British
Jo Nell Harlow	Senior Independent Director	3 Oct 2016	9 yrs 7 mos	American
JS Jennifer Suzanne Ward	Director	27 Sept 2016	9 yrs 8 mos	American
MA Mark Alun Jenkins	Secretary	1 May 2020	6 yrs	–
SN Sharmila Nebhrajani	Director	1 Dec 2021	4 yrs 5 mos	British
LC Liam Condon	Director	25 Sept 2023	2 yrs 8 mos	Irish
GF Giles Francis Bertram Kerr	Director	1 Feb 2024	2 yrs 3 mos	British
AH Andrew Hudson La Force Iii	Director	2 Jun 2025	11 mos	American
BT Barbara Thoralfsson	Director	16 Jun 2025	11 mos	Norwegian

Director Remuneration

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£437,000	–	–	–	–	£437,000
Marc Ronchetti	Executive Director	£934,000	£29,000	£1,787,000	£2,204,000	£98,000	£5,056,000
Jennifer Ward	Executive Director	£486,000	£18,000	£835,000	–	£51,000	£2,550,000
Steve Gunning	Executive Director	£615,000	£27,000	£1,057,000	–	£65,000	£1,768,000
Carole Cran	Executive Director	£146,000	£12,000	£264,000	–	£15,000	£437,000
Jo Harlow	Non-Executive Director	£119,000	–	–	–	–	£119,000
Sharmila Nebhrajani OBE	Non-Executive Director	£82,000	–	–	–	–	£82,000
Liam Condon	Non-Executive Director	£77,000	–	–	–	–	£77,000
Dharmash Mistry	Non-Executive Director	£77,000	–	–	–	–	£77,000
Giles Kerr	Non-Executive Director	£77,000	–	–	–	–	£77,000
Carole Cran	Non-Executive Director	£76,000	–	–	–	–	£76,000
Roy Twite	Non-Executive Director	£14,000	–	–	–	–	£14,000

Prior year comparison (12 directors)

Director	Role	Base Salary	Benefits	Bonus	LTIP	Pension	Total
Dame Louise Makin	Chair	£423,000	–	–	–	–	£423,000
Marc Ronchetti	Executive Director	£900,000	£29,000	£1,710,000	£1,010,000	£95,000	£3,748,000
Jennifer Ward	Executive Director	£470,000	£20,000	£810,000	–	£49,000	£2,000,000
Steve Gunning	Executive Director	£600,000	£27,000	£1,026,000	–	£63,000	£1,720,000
Carole Cran	Executive Director	–	–	–	–	–	–
Jo Harlow	Non-Executive Director	£109,000	–	–	–	–	£109,000
Carole Cran	Non-Executive Director	£96,000	–	–	–	–	£96,000
Sharmila Nebhrajani OBE	Non-Executive Director	£75,000	–	–	–	–	£75,000
Roy Twite	Non-Executive Director	£75,000	–	–	–	–	£75,000
Dharmash Mistry	Non-Executive Director	£75,000	–	–	–	–	£75,000
Liam Condon	Non-Executive Director	£39,000	–	–	–	–	£39,000
Giles Kerr	Non-Executive Director	£13,000	–	–	–	–	£13,000

CEO Pay Ratio

Year	Method	CEO Total	25th	Median	75th
2025	A	£5,056,000	180:1	133:1	85:1

Former Directors (31)

Stephen William Lawrence Gunning

Director

Tenure: 2 yrs 2 mosResigned: 31 Mar 2025

Roy Michael Twite

Director

Tenure: 9 yrs 11 mosResigned: 7 Jun 2024

William Anthony Rice

Director

Tenure: 9 yrs 4 mosResigned: 31 Dec 2023

Andrew John Williams

Director

Tenure: 18 yrs 11 mosResigned: 30 Jun 2023

Paul Ashton Walker

Director

Tenure: 8 yrs 3 mosResigned: 22 Jul 2021

Daniela Barone Soares

Director

Tenure: 9 yrs 8 mosResigned: 22 Jul 2021

Adam Jay Meyers

Director

Tenure: 13 yrs 3 mosResigned: 22 Jul 2021

Ruwan De Soyza

Secretary

Tenure: 8 mosResigned: 30 Apr 2020

Mark Alun Jenkins

Secretary

Tenure: 10 mosResigned: 5 Aug 2019

Carol Tredway Chesney

Secretary

Tenure: 20 yrs 5 mosResigned: 30 Sept 2018

Kevin John Thompson

Director

Tenure: 20 yrs 3 mosResigned: 19 Jul 2018

Elizabeth Jane Aikman

Director

Tenure: 8 yrs 11 mosResigned: 21 Jul 2016

Stephen Raymond Pettit

Director

Tenure: 11 yrs 10 mosResigned: 23 Jul 2015

Neil Anthony Quinn

Director

Tenure: 17 yrs 1 mosResigned: 14 May 2015

Lord Norman Roy Blackwell

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Steven Marshall

Director

Tenure: 4 yrsResigned: 24 Jul 2014

Eric Geoffrey Unwin

Director

Tenure: 10 yrs 10 mosResigned: 25 Jul 2013

Richard Anthony Stone

Director

Tenure: 10 yrs 6 mosResigned: 28 Jul 2011

Keith John Roy

Director

Tenure: 7 yrs 3 mosResigned: 31 Jul 2008

Andrew John Walker

Director

Tenure: 3 yrs 10 mosResigned: 22 Mar 2007

Stephen Robert O'shea

Director

Tenure: –Resigned: 28 Feb 2005

David Stewart Barber

Director

Tenure: –Resigned: 29 Jul 2003

Lord Harry Duncan Cory McGowan

Director

Tenure: 6 yrsResigned: 7 May 2003

Hamish Martin John Ritchie

Director

Tenure: 5 yrs 6 mosResigned: 8 Nov 2002

Clive Quentin Summerhayes

Director

Tenure: –Resigned: 30 Apr 2002

John Cameron Conacher

Director

Tenure: –Resigned: 30 Apr 2001

Michael John Arthur

Director

Tenure: –Resigned: 2 Aug 2000

Peter Alfred Tett

Director

Tenure: –Resigned: 30 Apr 2000

Robert Ian Howard

Director

Tenure: –Resigned: 19 Aug 1997

John Filmer Kidston

Director

Tenure: –Resigned: 30 Apr 1997

Michael Philip Learoyd

Director

Tenure: –Resigned: 8 Apr 1994

Name	Role	Appointed	Resigned	Tenure	Nationality
Stephen William Lawrence Gunning	Director	16 Jan 2023	31 Mar 2025	2 yrs 2 mos	British
Roy Michael Twite	Director	24 Jul 2014	7 Jun 2024	9 yrs 11 mos	British
William Anthony Rice	Director	8 Aug 2014	31 Dec 2023	9 yrs 4 mos	British
Andrew John Williams	Director	13 Jul 2004	30 Jun 2023	18 yrs 11 mos	British
Paul Ashton Walker	Director	12 Apr 2013	22 Jul 2021	8 yrs 3 mos	British
Daniela Barone Soares	Director	10 Nov 2011	22 Jul 2021	9 yrs 8 mos	British
Adam Jay Meyers	Director	3 Apr 2008	22 Jul 2021	13 yrs 3 mos	American
Ruwan De Soyza	Secretary	5 Aug 2019	30 Apr 2020	8 mos	–
Mark Alun Jenkins	Secretary	1 Oct 2018	5 Aug 2019	10 mos	–
Carol Tredway Chesney	Secretary	22 Apr 1998	30 Sept 2018	20 yrs 5 mos	American
Kevin John Thompson	Director	22 Apr 1998	19 Jul 2018	20 yrs 3 mos	British
Elizabeth Jane Aikman	Director	1 Aug 2007	21 Jul 2016	8 yrs 11 mos	British
Stephen Raymond Pettit	Director	16 Sept 2003	23 Jul 2015	11 yrs 10 mos	British
Neil Anthony Quinn	Director	22 Apr 1998	14 May 2015	17 yrs 1 mos	British
Lord Norman Roy Blackwell	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Steven Marshall	Director	29 Jul 2010	24 Jul 2014	4 yrs	British
Eric Geoffrey Unwin	Director	2 Sept 2002	25 Jul 2013	10 yrs 10 mos	British
Richard Anthony Stone	Director	2 Jan 2001	28 Jul 2011	10 yrs 6 mos	British
Keith John Roy	Director	30 Apr 2001	31 Jul 2008	7 yrs 3 mos	British
Andrew John Walker	Director	8 May 2003	22 Mar 2007	3 yrs 10 mos	British
Stephen Robert O'shea	Director	–	28 Feb 2005	–	British
David Stewart Barber	Director	–	29 Jul 2003	–	British
Lord Harry Duncan Cory McGowan	Director	1 May 1997	7 May 2003	6 yrs	British
Hamish Martin John Ritchie	Director	20 May 1997	8 Nov 2002	5 yrs 6 mos	British
Clive Quentin Summerhayes	Director	–	30 Apr 2002	–	British
John Cameron Conacher	Director	–	30 Apr 2001	–	British
Michael John Arthur	Director	–	2 Aug 2000	–	British
Peter Alfred Tett	Director	–	30 Apr 2000	–	British
Robert Ian Howard	Director	–	19 Aug 1997	–	British
John Filmer Kidston	Director	–	30 Apr 1997	–	British
Michael Philip Learoyd	Director	–	8 Apr 1994	–	British